KKR signed definitive agreements with Allfleet India and PMI Electro Mobility to form a strategic partnership involving PMI Electro, a manufacturer of electric commercial vehicles in India. The transaction underscores KKR's push into the Indian EV commercial-vehicle market and should support scaling of manufacturing and fleet electrification, reinforcing private-market activity in the sector.
KKR signed definitive agreements with Allfleet India and PMI Electro Mobility to form a strategic partnership involving PMI Electro, a manufacturer of electric commercial vehicles in India. The transaction underscores KKR's push into the Indian EV commercial-vehicle market and should support scaling of manufacturing and fleet electrification, reinforcing private-market activity in the sector.
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